Levi Strauss went public Thursday, March 21.
This is the second time that the company has gone public. It originally went public back in 1971, but was taken private in 1985.
The company priced above range, with trading starting over $22. It had been expected to price around $17 a share.
Levi’s CFO Harmit Singh talked to TheStreet about the IPO and why the company settled on a dual-class share structure.
But, let’s start from the beginning.
“It’s exciting,” Singh responded when asked how he felt about the brand’s IPO.
“Everybody we met had a Levi’s story” on the roadshow, said Singh. He said that, for Levi’s, it was different to raise money for an IPO because the company has been around for over 160 years, unlike Lyft or Uber.
He also explained why the company chose to do a dual-class structure.
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